Anil Ambani group whose accounts with Swiss Banking Giant UBS were among those misused by the bank’s staff today said these accounts in London have been closed and the funds have been repatriated to India.
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The British Financial Market watchdog Financial Services Authority has imposed a find of eight million pounds (nearly Rs 50 crore) on UBS after four senior employees of the bank were found speculating in foreign exchange and commodities with money taken illegally from 39 client accounts including that of two Anil Ambani group firms during 2006-07.
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